09 Jul

COVID 19-Support Package for NSW – 2021

The NSW Government recently announced two new grants packages and support for small businesses across NSW impacted by the current COVID-19 restrictions – the Small Business COVID-19 support grant and the Hospitality and Tourism COVID-19 Support Grant.

The grants can be used for business expenses for which no other government support is available such as:

  • meeting business costs (such as rent, utilities and wages)
  • financial, legal or other advice to support business continuity and planning
  • marketing and communication activities to develop the business
  • cost of perishable goods that can no longer be used
  • other activities to support the operation of the business

Businesses will need to compare their turnover over a minimum two week period after lockdown commenced (on 26 June 2021), to a minimum two week period in June and/or July 2019.  Businesses that were not operating in June/July 2019 may still be able to apply for the grants and should contact Service NSW to discuss their application.

Sole traders and not-for-profits can apply for these grants if they have turnover of more than $75,000 and meet all the eligibility criteria (listed below).

Applications for these grants must be made through Service NSW website.  The NSW Government expects this to go live later in July 2021.

Small Business COVID-19 Grant

Small businesses and not-for-profits will be eligible to apply for this grant if they:

  • have fewer than 20 FTE (including non-employing businesses)
  • have an Australian Business Number (ABN) registered in NSW or can demonstrate they are physically located and primarily operating in NSW. Only one grant is available for a single ABN
  • have total Australian annual wages below the NSW Government 2020-2021 payroll tax threshold of $1,200,000 as at 1 July 2020
  • have an annual turnover of more than $75,000 as at 1 June 2021
  • have not applied for, or received, the Hospitality and Tourism COVID-19 Support Grant
  • have business costs for which there is no other government support available.

Eligible businesses can receive:

  • $10,000 for a decline in turnover of 70% or more,
  • $7,000 for a decline in turnover of 50% or more,
  • $5,000 for a decline in turnover of 30% or more.

Hospitality and Tourism COVID-19 Support Grant

This grant is available for businesses in the hospitality and tourism industry.

Tourism and hospitality businesses will be eligible for a Hospitality and Tourism COVID-19 Support Grant if they:

  • have an ANZSIC code that is classified as a tourism or hospitality business
  • have an Australian Business Number (ABN) registered in NSW or can demonstrate they are physically located and primarily operating in NSW. Only one grant is available for a single ABN
  • have total annual Australian wages below $10 million as at 1 July 2020
  • have an annual turnover of more than $75,000 as at 1 June 2021
  • have not applied for, or received, a 2021 Small Business COVID-19 Support Grant
  • have business costs for which there is no other government support available.

Eligible businesses can receive:

  • $10,000 for a decline in turnover of 70% or more,
  • $7,000 for a decline in turnover of 50% or more,
  • $5,000 for a decline in turnover of 30% or more.

If you wish to discuss any of the above matters, please do not hesitate to contact our office.